NOT LISTED FOR SALE

1307 N 15th Ave Melrose Park, IL 60160

Estimated Value: $328,000 - $386,352

5 Beds
2 Baths
1,458 Sq Ft
$247/Sq Ft Est. Value

Last Sold November 03, 2015

Last sale price $215,000 $147 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $2,393/month

45 Days on Market

Highlights

  • Waterfront
  • 2 Car Detached Garage
  • Ceiling Fan
  • Fenced Yard

About This Home

As of November 2015

Great 2 flat in the Heart of Melrose Park. One unit with 3 bedrooms and 1 bath. One unit with 2 bedrooms and 1 bath. Finished basement with bedroom and bath. Many upgrades. Double lot. Great investment opportunity. Show and Sell. ****Must confirm appointment, 24 hour notice***

Last Agent to Sell the Property

Amy Diamond

@properties Christie's International Real Estate License #475126552 Listed on: 07/14/2015

@properties Christie's International Real Estate

Co-Listed By

Aymee Scavone

Coldwell Banker Realty License #475149334

Last Buyer's Agent

Rosalba Pasillas

Homes R Us Real Estate Service License #471003990

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,972

Year Built

  • Built in 1917

Lot Details

  • Lot Dimensions are 52x125
  • Waterfront
  • Fenced Yard
  • Additional Parcels

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Water Softener Leased
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,972

Year Built

Built in 1917

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1917
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Other Equipment: Water-Softener Rented, TV-Cable, CO Detectors, Ceiling Fan(s)
  • Basement Description: Finished,Exterior Access
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 224900
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: Yes
  • Exterior Building Type: Vinyl Siding,Frame

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Sewer-Storm, Other
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Schools

  • Middle/Junior School District: 89

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 52X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 4972.15
  • Tax Year: 2014
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2015
Closed on
Nov 2, 2015
Sold by
Valdez Bulmaro J and Valdez Jesus Y
Bought by
Arroyo Carolina
Seller's Agent
Amy Diamond
@properties Christie's International Real Estate
Buyer's Agent
Rosalba Pasillas
Homes R Us Real Estate Service
List Price
$229,900
Sold Price
$215,000
Premium/Discount to List
-$14,900
-6.48%
Current Estimated Value
$359,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,838
Avg. Annual Appreciation
5.30%
Original Mortgage
$211,105
Outstanding Balance
$166,948
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$192,890

Purchase Details

Closed on
Mar 5, 2009
Sold by
Aurora Loan Services Llc
Bought by
Valdez Bulmaro J and Valdez Jesus Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,102
Interest Rate
5.11%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 10, 2008
Sold by
Fierro Juan
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Oct 21, 2005
Sold by
Fierro Juan
Bought by
Fierro Juan and Fierro Leticia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 2003
Sold by
Fierro Juan and Fierro Ricardo
Bought by
Fierro Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2001
Sold by
Salazar Jorge and Arias Jesus
Bought by
Fierro Juan and Fierro Ricardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,544
Interest Rate
6.62%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 23, 1998
Sold by
Trombetta Vincent and Trombetta Tina
Bought by
Salazar Jorge and Arias Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,293
Interest Rate
6.68%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Arroyo Carolina $215,000 Premier Title
Valdez Bulmaro J $160,000 First American Title
Aurora Loan Services Llc -- None Available
Fierro Juan -- --
Fierro Juan -- Marine Title
Fierro Juan $223,000 --
Salazar Jorge $167,500 Professional National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arroyo Carolina $50,766
Open Arroyo Carolina $211,105
Previous Owner Valdez Bulmaro J $157,102
Previous Owner Fierro Juan $360,700
Previous Owner Fierro Juan $288,000
Previous Owner Fierro Juan $36,000
Previous Owner Fierro Juan $306,000
Previous Owner Fierro Juan $25,000
Previous Owner Fierro Juan $236,000
Previous Owner Fierro Juan $219,544
Previous Owner Salazar Jorge $163,293
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2015 11/03/15 Sold $215,000 -4.4% $147 / Sq Ft
08/28/2015 08/28/15 Pending -- -- --
08/19/2015 08/19/15 Price Changed $224,900 -2.2% $154 / Sq Ft
07/14/2015 07/14/15 For Sale $229,900 -- $158 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,895 $26,000 $2,970 $23,030
2023 $4,228 $26,000 $2,970 $23,030
2022 $4,228 $17,143 $2,558 $14,585
2021 $4,321 $17,141 $2,557 $14,584
2020 $4,270 $17,141 $2,557 $14,584
2019 $5,143 $19,294 $2,310 $16,984
2018 $5,122 $19,294 $2,310 $16,984
2017 $5,026 $19,294 $2,310 $16,984
2016 $4,575 $16,770 $2,062 $14,708
2015 $4,464 $16,770 $2,062 $14,708
2014 $4,342 $16,770 $2,062 $14,708
2013 $4,403 $18,316 $2,062 $16,254
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08981869

Midwest Real Estate Data (MRED)

APN: 15-03-410-006-0000